SK Gas Signs Eco-Friendly Energy Management MOU with Seobu Power Generation

SK Gas is collaborating with Korea Western Power and the government to achieve carbon neutrality goals and ensure a smooth energy transition.

On the 27th, SK Gas announced that it signed a business agreement on eco-friendly energy management with Korea Western Power at the SK Gas headquarters in Seongnam, Gyeonggi Province. The two companies will promote a heat supply project using seawater from power plants and engage in technical cooperation on SK Gas's latest gas turbines.

SK Gas announced on the 27th that it signed an eco-friendly energy management business agreement with Korea Western Power at the SK Gas headquarters in Seongnam, Gyeonggi Province. (Provided by SK Gas)

The heat supply project using seawater involves replacing fossil fuels by utilizing seawater generated during the gas turbine power generation process to raise liquefied petroleum gas (LPG), transported at a low temperature below minus 40 degrees Celsius, to the appropriate storage temperature above 5 degrees Celsius.

Korea Western Power plans to create new revenue by utilizing power plant resources, while SK Gas aims to reduce fossil fuel use during the LPG process, cutting costs and carbon emissions by 90% (up to 99%).

Furthermore, the two companies plan to combine their resources and technological capabilities to strengthen the competitiveness of the national energy market and take the lead in creating social value through eco-friendly management.

President Lee Jung-bok stated, "The energy business utilizing power plant seawater is an important starting point to maximize resource value and expand the carbon-neutral ecosystem," adding, "It will serve as a model case for national energy transition and eco-friendly management realization." He also said, "We will continue to create a sustainable development model through technological innovation and cooperation."

CEO Yoon Byung-seok said, "It is significant that private and public enterprises are promoting an eco-friendly business model through win-win cooperation to move toward a sustainable future," and added, "We will do our best to carry out technical cooperation smoothly and ultimately open a new future for energy."

This content was produced with the assistance of AI translation services.